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Italy Net Trade (Goods & Services, BoP)

Italy's net trade (goods & services, bop) rose to $61.62 billion in 2024, up from $34.66 billion in 2023, according to World Bank. This represents an increase of 77.8% ($26.96 billion) from the previous year. Italy has the 11th highest net trade (goods & services, bop). Within Europe, it ranks 8th out of 44 countries.

Yearly Historical Data (1970-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 61.62
2023 34.66
2022 -38.44
2021 44.8
2020 69.27
2019 67.36
2018 50.62
2017 53.89
2016 59.98
2015 52.53
2014 60.11
2013 50.08
2012 23.45
2011 -29.57
2010 -38.73
2009 -11.25
2008 -18.31
2007 -8.13
2006 -17.27
2005 -3.24
2004 9.69
2003 6.87
2002 9.2
2001 13.84
2000 9.33
1999 21.28
1998 39.89
1997 47.62
1996 62.16
1995 45.33
1994 36.95
1993 32.21
1992 0.17
1991 0.11
1990 1.46
1989 -1.99
1988 0.22
1987 3.61
1986 8.47
1985 -1.95
1984 -1.85
1983 1.88
1982 -5.7
1981 -9.34
1980 -12.96
1979 3.81
1978 6.18
1977 2.22
1976 -2.74
1975 -0.48
1974 -7.88
1973 -3.33
1972 0.97
1971 0.81
1970 0.11
Italy Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Italy, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $674.87B $677.1B 2024
Annual Imports $615.6B $639.93B 2024
Balance of Trade €2B €7.8B Aug'25
Exports €38.7B €61.7B Aug'25
Exports (% GDP) 32.73% 33.53% 2024
FDI Inflows (% GDP) 0.92% 1.82% 2024
Imports €36.6B €53.8B Aug'25
Imports (% GDP) 30.44% 32.11% 2024
Tariff Rate 1.95% 2.24% 2022
Trade (% GDP) 63.18% 65.64% 2024